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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
1 Months Ended 3 Months Ended 8 Months Ended 9 Months Ended
Feb. 05, 2021
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Operating revenues          
Operating revenues $ 77,481,000 $ 250,371,000 $ 241,836,000 $ 562,147,000 $ 761,065,000
Operating costs and expenses          
Depreciation and amortization 20,622,000 25,248,000 90,606,000 64,831,000 283,652,000
General and administrative 5,727,000 14,982,000 15,662,000 47,939,000 106,504,000
Merger and integration costs 0 5,033,000 0 13,786,000 0
Transaction costs on sale of operating assets 0 3,146,000 0 3,146,000 0
Hurricane losses 0 10,441,000 0 10,441,000 0
Pre-petition charges 0 0 3,894,000 0 14,409,000
Loss on impairment 0     0 1,119,517,000
Total operating costs and expenses 76,051,000 263,864,000 260,711,000 638,573,000 2,007,948,000
Operating loss 1,430,000 (13,493,000) (18,875,000) (76,426,000) (1,246,883,000)
Other income (expense)          
Interest expense, net of amounts capitalized (229,000) (8,870,000) (23,427,000) (23,628,000) (164,586,000)
Gain on bargain purchase 0     64,479,000 0
Gain on extinguishment of debt, net 0 0 17,847,000 0 17,254,000
Interest income and other, net 399,000 973,000 7,872,000 7,490,000 8,546,000
Reorganization items, net 252,051,000 0 (9,014,000) 0 (9,014,000)
Loss before income taxes 253,651,000 (21,390,000) (25,597,000) (28,085,000) (1,394,683,000)
Income tax benefit (provision) (3,423,000) (2,275,000) (25,271,000) 6,631,000 238,944,000
Net loss $ 250,228,000 $ (23,665,000) $ (50,868,000) $ (21,454,000) $ (1,155,739,000)
Basic:          
Net loss (in usd per share) $ 1.00 $ (0.36) $ (0.20) $ (0.35) $ (4.61)
Diluted:          
Net loss (in usd per share) $ 0.98 $ (0.36) $ (0.20) $ (0.35) $ (4.61)
Contract drilling services          
Operating revenues          
Operating revenues $ 74,051,000 $ 231,154,000 $ 227,050,000 $ 515,680,000 $ 714,555,000
Operating costs and expenses          
Cost of services 46,965,000 188,552,000 137,180,000 456,853,000 442,479,000
Reimbursables and other          
Operating revenues          
Operating revenues 3,430,000 19,217,000 14,786,000 46,467,000 46,510,000
Operating costs and expenses          
Cost of services 2,737,000 16,462,000 13,369,000 41,577,000 41,387,000
Noble Finance Company          
Operating revenues          
Operating revenues 77,481,000 250,371,000 241,836,000 562,147,000 761,065,000
Operating costs and expenses          
Depreciation and amortization 20,631,000 25,241,000 90,236,000 64,814,000 282,385,000
General and administrative 5,729,000 7,772,000 6,503,000 26,690,000 30,806,000
Merger and integration costs 0 4,149,000 0 7,099,000 0
Transaction costs on sale of operating assets 0 2,230,000 0 2,230,000 0
Hurricane losses 0 10,441,000 0 10,441,000 0
Loss on impairment 0     0 1,119,517,000
Total operating costs and expenses 75,800,000 254,181,000 247,083,000 607,975,000 1,915,580,000
Operating loss 1,681,000 (3,810,000) (5,247,000) (45,828,000) (1,154,515,000)
Other income (expense)          
Interest expense, net of amounts capitalized (229,000) (8,870,000) (23,427,000) (23,628,000) (164,586,000)
Gain on extinguishment of debt, net 0 0 17,847,000 0 17,254,000
Interest income and other, net 400,000 975,000 7,871,000 7,489,000 8,536,000
Reorganization items, net 195,395,000 0 (49,974,000) 0 (49,974,000)
Loss before income taxes 197,247,000 (11,705,000) (52,930,000) (61,967,000) (1,343,285,000)
Income tax benefit (provision) (3,422,000) (2,275,000) (25,272,000) 6,631,000 238,944,000
Net loss 193,825,000 (13,980,000) (78,202,000) (55,336,000) (1,104,341,000)
Noble Finance Company | Contract drilling services          
Operating revenues          
Operating revenues 74,051,000 231,154,000 227,050,000 515,680,000 714,555,000
Operating costs and expenses          
Cost of services 46,703,000 187,886,000 136,975,000 455,124,000 441,485,000
Noble Finance Company | Reimbursables and other          
Operating revenues          
Operating revenues 3,430,000 19,217,000 14,786,000 46,467,000 46,510,000
Operating costs and expenses          
Cost of services $ 2,737,000 $ 16,462,000 $ 13,369,000 $ 41,577,000 $ 41,387,000